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E2 Business combinations | 12 Months Ended
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Dec. 31, 2024
Disclosure of detailed information about business combination [abstract] |
E2 Business combinations |
|  | Business combinations
Acquisitions
|  | 2024 |  |  | 2023 |  |  | 2022 |
Consideration |  |  |  |  |  |  |  |  |  |  |  |
Purchase price paid on acquisition |  |  | – |  |  |  | 579 |  |  |  | 51,297 |
Deferred consideration/Others 1) |  |  | – |  |  |  | – |  |  |  | 1,972 |
Total consideration, all cash and cash equivalents |  |  | – |  |  |  | 579 |  |  |  | 53,269 |
Net assets (liabilities) acquired |  |  |  |  |  |  |  |  |  |  |  |
Intangible assets |  |  | – |  |  |  | 306 |  |  |  | 23,554 |
Property, plant and equipment |  |  | – |  |  |  | 1 |  |  |  | 186 |
Right-of-use of assets |  |  | – |  |  |  | 2 |  |  |  | 334 |
Cash and cash equivalents |  |  | – |  |  |  | 7 |  |  |  | 521 |
Other assets |  |  | – |  |  |  | 83 |  |  |  | 5,344 |
Provisions, incl. post-employment benefits |  |  | – |  |  |  | – |  |  |  | –1,050 |
Other liabilities |  |  | – |  |  |  | –168 |  |  |  | –16,916 |
Total identifiable net assets (liabilities) |  |  | – |  |  |  | 231 |  |  |  | 11,973 |
Goodwill |  |  | – |  |  |  | 348 |  |  |  | 41,296 |
Total |  |  | – |  |  |  | 579 |  |  |  | 53,269 |
Acquisition-related costs 2) |  |  | – |  |  |  | 36 |  |  |  | 436 |
1) | Deferred consideration relates to the pre-combination portion of employee stock awards that were previously granted to Vonage employees, which was paid out post acquisition according to the original award vesting schedule.
2) | Acquisition-related costs are included in Selling and administrative expenses in the consolidated income statement.
In 2024, the Company made no acquisitions. However, a negative cash flow effect from business combinations amounting to SEK 141 (1,309) million occurred due to the current year pay-out of deferred consideration relating to the 2022 Vonage acquisition, see also note H3 “Statement of cash flows.” Vonage: On July 21, 2022, the Company acquired, in an all cash transaction, all of the shares in Vonage Holdings Corp., a US-based global provider of cloud-based communications. The intangible assets acquired mainly relate to customer relationships. The fair values of the assets acquired, and liabilities assumed at the acquisition date, were made final in 2022 and are presented in the table under the column “2022.” In the current year the Company impaired the acquired intangible assets by SEK –13.8 billion and goodwill by SEK – 0.9 (– 31.9) billion. For more information, see note C1 “Intangible assets.” Acquisitions 2022–2024
Business |  | Description |  | Transaction date
Ericom |  | An Israel based enterprise cloud security platform provider. |  | Apr 2023
Vonage |  | A US based global provider of cloud-based communications. |  | Jul 2022
Divestments
|  | 2024 |  |  | 2023 |  |  | 2022 |
Proceeds |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | – |  |  |  | –633 |  |  |  | 20 |
Shares in associated companies |  |  | – |  |  |  | – |  |  |  | 298 |
Total proceeds |  |  | – |  |  |  | –633 |  |  |  | 318 |
Net assets disposed of |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment |  |  | – |  |  |  | 121 |  |  |  | – |
Investments in associates |  |  | – |  |  |  | – |  |  |  | 82 |
Other assets |  |  | – |  |  |  | – |  |  |  | 23 |
Provisions, incl. post-employment benefits |  |  | – |  |  |  | – |  |  |  | –42 |
Other liabilities |  |  | –39 |  |  |  | 35 |  |  |  | –101 |
Total net assets |  |  | –39 |  |  |  | 156 |  |  |  | –38 |
Net gains/losses from divestments 1) |  |  | 39 |  |  |  | –789 |  |  |  | 356 |
Shares in associated companies |  |  | – |  |  |  | – |  |  |  | –298 |
Cash flow effect |  |  | – |  |  |  | –633 |  |  |  | 20 |
1) | Includes net gains/losses for liquidated subsidiares.
In 2024, the Company made divestments with a cash flow effect amounting to SEK 0 (–633) million. Net gains/losses from the divestments are presented in Other operating income/Other operating expenses in the income statement, see also note B4 “Other operating income and expenses.” For more information, see note H3 “Statement of cash flow.” In 2024, the Company entered into a binding agreement in relation to the sale of iconectiv, which is an acquired US subsidiary ( 83.3 % ownership) forming part of Segment Enterprise and is a provider of network number portability solutions and data exchange services. The sale, which is subject to the customary closing conditions including regulatory approvals, is expected to be completed during the first half of 2025. Divestments 2022–2024
Business |  | Description |  | Transaction date
IoT |  | IoT accelerator and connected vehicle cloud businesses and related assets. |  | Mar 2023
Aerialink |  | A US based company providing premier messaging solutions for business to business communications. |  | Nov 2022

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